Most people will need a lending partner to enable them to purchase the farmland and build the poultry houses.
6. Find a Lender with Poultry Experience
Poultry farming can be expensive, especially when starting out. That’s why you need a good financial strategy before you get started. This is a great time to talk to an experienced Poultry Lender like First Financial Bank to learn more about your financing options, plus how to navigate the complexities.
To be ready for a discussion with a lender, create a thorough business plan that provides details of your finances and tangible business goals. Concerned about your credit score? Check it out yourself for free here. Besides a strong credit score, a solid business plan will show your lender and integrator that you’ll be able to pay off your loans, handle debt, and plan for the future of your farm.
7. Buy the Land You Need
Once you have an integration partner and secured funding from your lending partner, it’s time to purchase your land to start the buildout. Confirm the land is everything you need it to be today, and if it would support expansion for the future. This might include adding more poultry houses and/or row crops, depending on what is in your plans.
8. Hire the Right Contractor
Need to find a contractor? Talk to your trusted advisors, your integration partner and other poultry farmers nearby for recommendations on contractors who may be able to build your poultry houses. Do your due diligence and get references from their past clients. Also, collect as much information as you can about each contractor, and their services, from other sources such as the Better Business Bureau. Choose carefully; this is an important step and you have a lot at stake financially.
9. Lay the Groundwork for Raising Healthy Flocks
The United States Department of Agriculture (USDA) states that proper ventilation is the most important feature for keeping flocks healthy. Without it, impurities like dust and dander can cause diseases and weaken your flock’s immune system. As part of your build, you’ll be working with the construction contractor, the vendor for the ventilation system, and your integration partner, to choose and install the appropriate ventilation and other systems for your poultry houses.
Once you’re in operation, you’ll want to focus on maximizing yields while maintaining the health of your birds.
In addition, auditors from the government and your integration partner will look for clean farming conditions that minimize the spread of diseases that can harm your flock and hurt production. That’s why it’s important to establish secure biohazard protocols and pest controls ahead of time to minimize these costly risks. This includes sealing your chicken houses off to pests, using site-dedicated protective boots and protective equipment, and other sanitary protocols required by your integration partner. Our lenders have deep experience in poultry farming, so we adhere to strict protocols when we visit you at your farm.
10. Consider Buying an Existing Farm
Are you having trouble finding a piece of land to build a poultry farm from scratch? Do you have geographical or regulatory constraints that interfere with your plans? If so, you may want to buy an existing poultry farm for sale. You can consult with farmers in your area, look online, or ask your integration partner for their recommendations. Always check the farm’s age, its cash flow, and its location. Sometimes, buying a current poultry farm is more cost effective than building one from the ground up.
Conclusion
Like any successful business, it’s important to plan far ahead before starting a poultry farm. This starts with gaining experience, setting up a solid business plan, choosing an integration partner you want to work with, and finding the right financing partner for your business. At First Financial Bank, our Poultry Lenders have worked as poultry growers themselves. They can provide you with insights and guidance for how to best navigate the complex processes for financing a commercial poultry farm. Once you’re ready to build your farm, use your resources and knowledge to build your business and look for ways to grow your operations sustainably.